Global stock markets could crash in October, Enzio von Pfeil, CEO of EconomicClock.com, told CNBC Tuesday.
“The economic time has to worsen and so these green shoots will morph into black shoots very badly, culminating probably in an October crash,” Pfeil said.
“People will finally accept that the unemployment rates will have to keep rising, that productivity will have to keep falling,” he added. That in turn will make earnings expectations “fall through the floor, not go through the roof.”
That sounds dark.
